CELIS WERNER: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CELIS WERNER
Largest movements
- Receivables within one year -€19,405
down €19,405 (-67.3%), from €28,836 to €9,431
of which Trade receivables: -€23,810
- Tangible fixed assets -€6,101
down €6,101 (-18.3%), from €33,387 to €27,286
of which Furniture and vehicles: -€8,907
- Cash +€2,844
up €2,844 (+65.3%), from €4,355 to €7,200
mainly Receivables within one year (+€19,405) and Depreciation (+€12,798)
- Other debts -€14,170
down €14,170 (-100.0%), from €14,170 to €0
- Debts after one year -€7,263
down €7,263 (-49.6%), from €14,641 to €7,378
- Trade debts -€2,546
down €2,546 (-16.4%), from €15,513 to €12,967
- Reserves +€2,141
up €2,141 (+24.5%), from €8,753 to €10,895
- Tax, wage and social debts -€1,386
down €1,386 (-86.6%), from €1,601 to €214
- Gross operating margin -€10,818
down €10,818 (-39.3%), from €27,538 to €16,720
- Financial income -€2,533
down €2,533 (-95.2%), from €2,661 to €129
- Other operating charges -€870
down €870 (-47.8%), from €1,822 to €952
- Taxes -€661
down €661 (-75.5%), from €875 to €214
- Financial charges -€537
down €537 (-55.9%), from €960 to €424
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,028 | €44,917 | -€23,111 | -34.0% |
| Fixed assets | 21/28 | €34,387 | €28,286 | -€6,101 | -17.7% |
| Tangible fixed assets | 22/27 | €33,387 | €27,286 | -€6,101 | -18.3% |
| Plant, machinery and equipment | 23 | €8,045 | €10,852 | +€2,806 | +34.9% |
| Furniture and vehicles | 24 | €25,342 | €16,435 | -€8,907 | -35.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €33,641 | €16,631 | -€17,011 | -50.6% |
| Amounts receivable within one year | 40/41 | €28,836 | €9,431 | -€19,405 | -67.3% |
| Trade receivables | 40 | €27,006 | €3,196 | -€23,810 | -88.2% |
| Other amounts receivable | 41 | €1,830 | €6,235 | +€4,405 | +240.7% |
| Cash at bank and in hand | 54/58 | €4,355 | €7,200 | +€2,844 | +65.3% |
| Deferred charges and accrued income | 490/1 | €450 | €0 | -€450 | -100.0% |
| Total equity and liabilities | 10/49 | €68,028 | €44,917 | -€23,111 | -34.0% |
| Equity | 10/15 | €14,953 | €17,095 | +€2,141 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,753 | €10,895 | +€2,141 | +24.5% |
| Distributable reserves | 133 | €8,753 | €10,895 | +€2,141 | +24.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €53,075 | €27,822 | -€25,253 | -47.6% |
| Amounts payable after more than one year | 17 | €14,641 | €7,378 | -€7,263 | -49.6% |
| Financial debts | 170/4 | €14,641 | €7,378 | -€7,263 | -49.6% |
| Amounts payable within one year | 42/48 | €38,434 | €20,444 | -€17,990 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €7,150 | €7,263 | +€113 | +1.6% |
| Trade debts | 44 | €15,513 | €12,967 | -€2,546 | -16.4% |
| Suppliers | 440/4 | €15,513 | €12,967 | -€2,546 | -16.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,601 | €214 | -€1,386 | -86.6% |
| Taxes | 450/3 | €1,601 | €214 | -€1,386 | -86.6% |
| Other amounts payable | 47/48 | €14,170 | €0 | -€14,170 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,513 | €12,798 | +€285 | +2.3% |
| Other operating charges | 640/8 | €1,822 | €952 | -€870 | -47.8% |
| Non-recurring operating charges | 66A | - | €320 | +€320 | |
| Gross operating margin | 9900 | €27,538 | €16,720 | -€10,818 | -39.3% |
| Operating profit (loss) | 9901 | €13,203 | €2,650 | -€10,553 | -79.9% |
| Financial income | 75/76B | €2,661 | €129 | -€2,533 | -95.2% |
| Recurring financial income | 75 | €2,661 | €129 | -€2,533 | -95.2% |
| Financial charges | 65/66B | €960 | €424 | -€537 | -55.9% |
| Recurring financial charges | 65 | €960 | €424 | -€537 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €14,904 | €2,355 | -€12,549 | -84.2% |
| Income taxes | 67/77 | €875 | €214 | -€661 | -75.5% |
| Profit (loss) for the period | 9904 | €14,029 | €2,141 | -€11,887 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,029 | €2,141 | -€11,887 | -84.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.